合作撤离类多人冒险游戏ARC Raiders发布至今已满两个 月，市场表现持续火热。该游戏目前已正式上线Steam、 Epic以及PS5和Xbox Series平台，覆盖主流PC与主机系 统。 根据平台公开数据，截至1月4日，ARC Raiders在Steam 平台的并发玩家峰值稳定在约46.6万人，接近此前创下 的48.1万历史最高纪录，显示出高达90%左右的玩家留 存水平。这一数据反映出游戏在发售后仍能有效维持用 户活跃度，长期吸引力较强。 相较之下，同期推出的其他同类作品则呈现明显下滑趋 势。例如，另一款热门射击游戏在发售初期峰值人数曾 达74.7万，但近期同时在线人数已回落至约11.8万，用户 流失幅度较大。相比之下，ARC Raiders在用户维系方面展现出更为稳健的表现。 合作撤离类多人冒险游戏ARC Raiders发布至今已满两个月，市场表现持续火热。该游戏目前已正式上 线Steam、Epic以及PS5和Xbox Series平台，覆盖主流PC与主机系统。 根据平台公开数据，截至1月4日，ARC Raiders在Steam平台的并发玩家峰值稳定在约46.6万人，接近此 前创下的48.1万历史最高 ...

近期一篇题为ARC Raiders留住91%玩家，而战地6流失85%的文章引发广泛讨论。文章援引SteamDB数 据显示，ARC Raiders在发售两个月后，仍维持着上线初期峰值玩家数的91%，相较之下，战地6在 Steam平台的在线人数则下滑了85%。文中进一步指出，尽管年度最佳游戏奖项归属于33号远征队，但 从销量表现、用户留存以及实际反响来看，ARC Raiders的表现更为突出，并称其或可被视为2025年最 成功的电子游戏案例。 对此，有观点认为仅以Steam平台的数据评估战地6的整 体状况并不全面。由于该作在PC端可通过多个平台运 行，Steam用户峰值并不能完全反映其真实用户基数。此 外，ARC Raiders与战地6在游戏设计理念和运营模式上 存在本质差异，不宜简单归为同类进行对比。前者是一 款节奏紧凑、易于入门的搜打撤玩法射击游戏，后者则 是侧重战术协作与大规模战场体验的军事题材第一人称 射击作品，两者在目标受众与核心体验上本就不同。 关于玩家留存现象，有分析指出，战地6在Steam曾达到 近75万的峰值同时在线人数，但其中相当一部分属于试 玩性质。许多玩家出于对系列复兴的期待短暂体验后便 ...

Group 1: SpaceX IPO Overview - SpaceX is planning an IPO that could surpass Saudi Aramco's record of nearly $29 billion, potentially becoming the largest IPO in history [1] - The company is currently valued at $800 billion, making it the highest-valued private company globally, with IPO rumors suggesting a target valuation as high as $1.5 trillion [1] - SpaceX has entered a "quiet period," indicating preparations for a potential SEC filing for the IPO [1] Group 2: Bill Ackman's Proposal - Billionaire Bill Ackman has proposed that SpaceX skip traditional investment banks and utilize a new acquisition tool called SPARC for its IPO [2] - Ackman's plan includes offering Tesla shareholders preferential rights to invest in SpaceX, aligning with Elon Musk's vision of sharing SpaceX's growth with Tesla supporters [2] - The proposal suggests that SpaceX could raise between $42 billion and $148.7 billion, depending on the exercise price of the SPARs [3] Group 3: Investment Banking Competition - Traditional investment banks are competing for the role of underwriter for SpaceX's IPO, with firms like Morgan Stanley, Goldman Sachs, and JPMorgan Chase in the running [4] - Morgan Stanley is seen as a strong contender for the lead underwriter role due to its previous involvement with Tesla and support during Musk's acquisition of Twitter [4] Group 4: Space Data Center Concept - SpaceX's IPO is viewed as a critical step in the broader context of artificial intelligence and deep space exploration, with Musk's focus shifting towards the feasibility of "space data centers" [5] - The need for funding is driven by the challenges faced by terrestrial data centers, such as land scarcity and power grid overloads, making space-based solutions increasingly attractive [5] Group 5: Competitive Landscape - SpaceX's competitive advantage in the space data center market includes its low launch costs and existing infrastructure, such as over 9,000 Starlink satellites [6] - The company is positioned to leverage its vertical integration and existing technology to establish a leading role in the emerging space data center sector [6] Group 6: Challenges and Opportunities - Building space data centers presents significant engineering challenges, including radiation exposure and thermal management issues [6][7] - The financial requirements for developing space data centers are substantial, necessitating significant capital investment across various technological aspects [7] Group 7: Chinese Commercial Space Industry - Concurrently, Chinese commercial space companies are also pursuing IPOs, with several firms initiating the process on the STAR Market [8] - The combined valuation of these Chinese companies is approximately $12.2 billion, indicating potential for significant value appreciation in the future [8] - Technological advancements, particularly in rocket reusability, are critical for the growth of China's commercial space sector [9]

（原标题：SPARC方案搅局，华尔街投行激烈竞逐SpaceX IPO） 21世纪经济报道记者 彭新 围绕火箭和卫星制造商SpaceX上市的相关信息近期愈发密集。 随着2025年步入尾声，展望2026年美国资本市场，SpaceX的IPO无疑将是"皇冠上的明珠"。这场潜在的 公开募股有望打破沙特阿美2019年创下的近290亿美元纪录，成为史上规模最大的IPO。 据悉，SpaceX目前正计划进行新一轮内部股份出售，对应公司估值高达8000亿美元，稳居全球最高估 值未上市企业之位。与此同时，市场关于其IPO目标估值的传闻此起彼伏，最高甚至看到1.5万亿美元。 此外，有市场消息称，SpaceX已告知员工进入"监管静默期"。这一动向通常被视为企业向SEC提交上市 申请前的合规动作，意味着SpaceX正按部就班推进流程，为2026年的公开上市做最后准备。 （资料图） 在资本盛宴即将开启的预期下，市场各方早已按捺不住。 近日，亿万富翁、华尔街知名对冲基金经理与潘兴广场（Pershing Square）创始人比尔·阿克曼（Bill Ackman），公开向SpaceX首席执行官兼首席技术官埃隆·马斯克喊话，建议其跳过传统投行，利 ...

格隆汇12月21日｜比尔·阿克曼：建议马斯克的太空探索公司SpaceX通过潘兴广场Pershing Square SPARC Holdings Ltd.实现IPO。我们对"授予马斯克超级投票(权)股份"持开放态度。 ...

每经AI快讯，11月28日，纽约证交所ARCA金矿开采商指数收涨0.18%，报2278.81点。 ...

Group 1: Balenciaga's New Campaign - Balenciaga has launched its first brand advertisement featuring creative director Pierpaolo Piccioli, showcasing a new female image that embodies strength and composure [1][2] - The advertisement captures moments of confidence and elegance with models Zhang Xiaofei, Yang Chaoyue, and Roh Yoon Seo in Piccioli's designs, emphasizing the philosophy of "beauty as emotion" [2][3] - The campaign aims to revive two classic symbols of the brand, the Rodeo and Le City handbags, representing a blend of practicality and refined charm [2][3] Group 2: GARCON BY GARCON's First Store - GARCON BY GARCON has opened its first offline store in Shanghai, designed by architect Guo Liao Hui, inspired by traditional Chinese architecture [8][9] - The store, named "HOME SWEET HOME," features a dialogue with Chinese traditional culture through its design and decor, showcasing a range of clothing and lifestyle products [8][9] Group 3: ARKET's New Flagship Store - ARKET has unveiled a new flagship store in Shanghai, marking its fifth location in China, with a design collaboration with Frank Chou that merges traditional and modern Chinese aesthetics [13][14] - The store offers a selection of men's, women's, and children's clothing, as well as home goods, emphasizing practicality and timeless fashion [14] Group 4: FILA's New Down Jacket Series - FILA has launched the "4810凌峰鹅绒" down jacket series, featuring a three-layer protection system designed for extreme cold environments [19][20] - The series includes high-quality materials and design elements that enhance functionality and comfort, suitable for temperatures as low as -25°C [19][20] Group 5: Li-Ning's Collaboration with Pokémon - Li-Ning has introduced a collaboration with Pokémon, creatively reimagining several classic shoe models with popular characters [24][25] - The designs incorporate elements from characters like Pikachu and Eevee, blending nostalgia with modern footwear technology [24][25] Group 6: Aesop's Seasonal Gift Boxes - Aesop has launched a seasonal gift box series themed "Fragrance in Abundance," offering a variety of options for different gifting needs [34] - The gift boxes feature unique designs inspired by everyday objects and are made from eco-friendly materials, reflecting Aesop's commitment to design excellence [34]

Core Insights - The launch of "ARC Raiders" by Embark Studios has sparked discussions on the impact of generative AI on game development, as highlighted by Nexon's CEO Junghun Lee [1][3]. Group 1: Game Development and AI - "ARC Raiders" has faced controversy regarding the use of AI technology during its development, with a disclaimer on its Steam page stating that while the visuals did not utilize generative AI, some voiceovers employed text-to-speech technology [3]. - Embark Studios aims to leverage AI and machine learning to manage team sizes and ensure sustainable growth in the gaming industry [3]. Group 2: Competitive Strategy - Junghun Lee emphasized that AI has improved the efficiency of game production and operational services, contributing to a steady increase in the overall quality of games [5]. - The challenge for game companies lies in differentiating themselves despite the widespread use of similar AI technologies, making strategic choices that enhance competitive advantage crucial [5]. - Lee identified "human creativity" as the key factor for standing out in a landscape where AI raises the average quality level of games [7].

Core Insights - The article discusses the ongoing structural transformation of the global monetary system, emphasizing the resurgence of gold as a significant asset in the context of de-dollarization and geopolitical shifts [5][21][22]. Group 1: Geopolitical Transitions and Gold's Re-Monetisation - The process of gold's re-monetisation is in its early stages, driven by geopolitical changes and the reconfiguration of trade alliances, particularly among BRICS nations [6][27]. - The de-dollarization of energy markets is a strategic starting point, as energy is foundational to the global economy, influencing all other markets [7][25]. - Recent developments, such as BHP's acceptance of yuan for 30% of its iron ore sales, signify a notable shift away from the dollar in global commodity transactions [7][27]. Group 2: Erosion of the Dollar's Reserve Status - The relative value of the US dollar in international trade is declining, which threatens its long-standing status as the exclusive reserve currency [8][28]. - As countries require fewer dollars for commodity purchases, their reserves in dollars and US Treasuries are expected to decrease, indicating a long-term trend of de-dollarization [9][28]. Group 3: Gold as a Strategic and Geopolitical Hedge - Gold is re-emerging as a crucial component of international trade settlements and reserve systems, reflecting a shift back to a multi-currency market [10][31]. - The concerns over currency weaponization and the safety of reserve assets have led countries to seek alternatives to the dollar, with gold being a preferred choice due to its geopolitical neutrality [10][32]. Group 4: Structural Optimism in the Gold Market - Many financial institutions are optimistic about gold's long-term prospects, recognizing it as part of a changing global monetary order rather than merely a cyclical safe-haven asset [11][33]. - The recognition of de-dollarization by major institutions indicates a structural shift that has been underway for years, although broader understanding of its implications for gold may take time to develop [11][33]. Group 5: Company Overview - Barton Gold - Barton Gold Holdings Ltd (ASX: BGD) is a gold development company in South Australia, with over 2.2 million ounces of gold and 3.1 million ounces of silver resources [12][34]. - The company is advancing its Central Gawler Mill project and aims to achieve first production by late 2026, targeting an annual output of 150,000 to 200,000 ounces of gold [12][34].